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The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

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FIVE at FIVE: FTSE 100 higher led by Lloyds, Elon’s rate cut plea, Shrinkflation epidemic and Just Eat culls drivers…

Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news

1. FTSE 100 is set to close the day over 100 points in the black

London's blue-chip index ended the session 1.8% higher at 7,536 points, led by a recovery in banks' shares.

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2. Lloyds, NatWest and Barclays jump higher

Lloyds, Natwest and Barclays all gained between 5% and 6% as Janet Yellen said the situation in the US is stabilising while reiterating the government there would protect deposits at any smaller bank that runs into trouble.

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3. Elon calls on Fed to cut rates

The mercurial CEO replied to a tweet from billionaire Bill Ackman, calling for a rate reduction of 50 basis points.

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4. Shrinkflation means you’re getting less

‘Big Share’ bags, or more aptly put, ‘Smaller Share’ bags, of Dairy Milk buttons have been slimmed down to 184.8g from 240g, a 23% reduction, while Asda and Tesco have kept prices at £2.

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5. Just Eat is letting loose 1,700 delivery drivers

Part of the shake-up involves agency workers being replaced by freelance drivers.

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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK